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<div class ="TITLEFORM">Immovable Property Outside India</div>
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  <p>Reserve Bank of India has granted general permission to a Person resident in India to acquire Immovable Property Outside India in the following modes:<br>
1.	by way of gift or inheritance from a person referred to in sub-section (4) of Section 6 of the Act, or referred to in clause (b) of regulation 4;<br>
2.	by way of purchase out of foreign exchange held in Resident Foreign Currency (RFC) account maintained in accordance with the Foreign Exchange Management (Foreign Currency accounts by a person resident in India) Regulations, 2000<br>

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<p>Also, said person who has acquired property as aforesaid is allowed to transfer by way of gift to his relative who is a person resident in India.</p><br>

<p>Reserve bank of India vide notification number 155 dated 13th October, 2003 granted general permission for a Company incorporated in India to acquire immovable property outside India for its business and for residential purposes of its staff, if such company has already an overseas offices. Reserve Bank of India may give directions for such acquisition from time to time.</p><br> 

<p>LLP is a globally known form of running business in different parts of the World.  In India, The LLP Act, 2008 was published in the official gazette of India on January 9, 2009 and the rules were published in the official gazette on April 1, 2009. General Permission is not allowed for LLP at par with Company's incorporated in India.</p><br> 
<p>This section provides Tool (Immovable Property Outside India) to know Eligibility based on mode of acquisition.</p><br>
<p>Please click on the below link and fill the required information for you to seek our valuable advice. We will get back to you. (Only for registered users)</p><br>

<p><a href="#" onclick="ShowBodyUiApplication('Postyour~IPOI')"><u>Query- Immovable Property Outside India</u></p>

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